Louisiana State Employees Retirement System lowered its stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,570 shares of the real estate investment trust’s stock after selling 3,030 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Xenia Hotels & Resorts were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in XHR. Prime Capital Investment Advisors LLC purchased a new stake in Xenia Hotels & Resorts in the third quarter worth about $29,000. Point72 Hong Kong Ltd purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $40,000. Neo Ivy Capital Management bought a new position in shares of Xenia Hotels & Resorts in the 3rd quarter worth approximately $46,000. Point72 Asset Management L.P. bought a new position in shares of Xenia Hotels & Resorts in the 2nd quarter worth approximately $54,000. Finally, CWM LLC lifted its stake in shares of Xenia Hotels & Resorts by 21.2% in the 3rd quarter. CWM LLC now owns 5,971 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,046 shares during the period. 88.23% of the stock is owned by institutional investors.
Shares of XHR opened at $20.58 on Thursday. Xenia Hotels & Resorts Inc has a fifty-two week low of $17.92 and a fifty-two week high of $23.33. The firm’s 50-day simple moving average is $21.15 and its two-hundred day simple moving average is $21.02. The stock has a market cap of $2.32 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.26 and a current ratio of 2.26.
Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Xenia Hotels & Resorts had a net margin of 12.23% and a return on equity of 7.90%. The firm had revenue of $268.90 million during the quarter, compared to analyst estimates of $260.97 million. During the same period last year, the business earned $0.46 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. Equities research analysts predict that Xenia Hotels & Resorts Inc will post 2.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.10 annualized dividend and a dividend yield of 5.34%. Xenia Hotels & Resorts’s payout ratio is currently 49.55%.
Several equities research analysts recently weighed in on XHR shares. Morgan Stanley dropped their price target on Xenia Hotels & Resorts from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, January 9th. BMO Capital Markets reiterated a “hold” rating and issued a $21.00 price objective on shares of Xenia Hotels & Resorts in a report on Monday, November 4th. Jefferies Financial Group downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $26.00 to $22.00 in a report on Thursday, October 17th. They noted that the move was a valuation call. Janney Montgomery Scott began coverage on Xenia Hotels & Resorts in a research report on Monday, December 16th. They set a “neutral” rating and a $23.50 price objective for the company. Finally, Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.07.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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